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This list represents a selection of ATI projects

Sector:
Infrastructure
Insurance Type:
Construction Contract Post Performance Sovereign Buyer
Project:
Road Reconstruction
Maximum Sum Insured:
$1.3 million
In the early 1990s, Kenyas economy contracted sharply. This led to very little construction and maintenance to the roads network. By 1993, the dedicated Fuel Levy Fund helped to stem the deterioration.

The Kenya Roads Board attributes constraints to Kenyas economic and social development to the poor state of road infrastructure. To improve the road networks, the Ministry of Roads and Public Works implemented a plan to rehabilitate at least 60 major and minor roads in Kenya. This road reconstruction project, falls within the scope of the governments plan.

The road runs through the heart of the tea producing area of Kenya and will help improve the transport to market of one of Kenyas biggest exports. A local company with experience in civil infrastructure construction won the government bid. Before starting construction on the 47.6 km road, the company requested insurance to protect against Non-honouring of Sovereign Obligations. ATI issued cover for the full project amount and the project was able to proceed.


Sector:
Infrastructure
Insurance Type:
Political Risk Insurance
Risks Covered:
Payment default by a sovereign obligor
Project:
Water Supply Infrastructure
Maximum Sum Insured:
$2.8 million

A leading African construction and engineering company obtained ATI insurance cover to protect against non-payment by a government agency for the full contract period. The government agency, a local water services board, contracted the company to construct water supply infrastructure in the Western region.  The project provides a boost to the government’s Millennium Development Goal of halving the number of people who do not have access to safe drinking water by 2015. To reach the target of 80% access, the government is financing projects like this in underserved populations in various parts of the country.

Sector:
Infrastructure
Insurance Type:
Political Risk Insurance
Risks Covered:
Non-payment by a government agency
Project:
Improvements to a regional water treatment plant and dam
Maximum Sum Insured:
$6.5 million

When a Kenyan construction firm won a government bid to improve a water treatment plant and dam that supplies 20% of Nairobi’s water, they took a moment to savour the victory. And then, they sought insurance protection against the possible risk of non-payment or protracted delays in payment by the regional water services board.

With the cover in place, the company could proceed with confidence. They also had the added satisfaction of working on a project that would eventually save the city an estimated $130,000 a year through unclogging water intakes and water purification.

Sector:
Infrastructure
Insurance Type:
Political Risk Insurance
Risks Covered:
Non-payment by a sovereign obligor (a government buyer)
Project:
Supply of road construction equipment
Maximum Sum Insured:
$363,000

An international trading company based in China won a bid to supply road construction equipment to the government agency responsible for road construction and maintenance. The company’s bank requested them to obtain insurance to mitigate against non-payment risks while sourcing and purchasing the equipment. The project supports Kenya’s vibrant infrastructure strategy that will help reduce the cost for companies to move goods within the country.  This commitment by the Kenyan government is supported by a 20% budget increase on infrastructure development with $1 billion to be spent on improving road networks alone in 2011. 

Sector:
Infrastructure
Insurance Type:
Political Risk Insurance
Risks Covered:
Non-honouring by a sovereign obligor (a government buyer)
Project:
Supply of transport vehicles to a government agency
Maximum Sum Insured:
$16.7 million

The Ugandan branch of an international bank provided financing to allow a Ugandan government agency to purchase transport vehicles. The bank obtained ATI insurance to protect their investment against any action that could cause the government to not honour the contract. The project supports the government agency’s strategy to provide more responsive and efficient services to the rural and urban populations in Uganda.

Sector:
Infrastructure
Insurance Type:
Non-payment by a sovereign obligor (a government buyer)
Risks Covered:
Political Risk Insurance
Project:
Road Reconstruction
Maximum Sum Insured:
$11 million

This project, the reconstruction of a road connecting rural regions to Kenya’s capital Nairobi, provides two noteworthy benefits: First, it resonates with the state’s objective of supporting domestic Small and Medium sized companies through the award of government contracts. Second, the road will give farmers easy and speedy access to key markets within the city by facilitating movement of produce from the farms. With recent studies indicating that over 70% of African farmers’ losses occur post-harvest, a reliable road system goes a long way to enhance the productivity of the agricultural sector on the continent. ATI supported the contractor by guaranteeing compensation if the government agency failed to pay for services rendered.

Sector:
Infrastructure
Insurance Type:
Comprehensive non-payment insurance (Commercial and Political risks)
Risks Covered:
Non-payment by a private obligor (a private sector company), currency transfer restriction, goods in transit, war and civil disturbance, physical damage or business interruption due to political violence
Project:
Delivery of water supply equipment
Maximum Sum Insured:
$790,000

Tanzanians lack access to clean and reliable sources of water. A 2002 study estimated that only about 50% of the rural population and 70% of the urban population had access to reliable water supplies. To address this challenge, in 2006, the government of Tanzania implemented a national program to meet the water sector targets set out in the Millennium Development Goals. The National Rural and Water Supply Sanitation Programme is a key component. ATI supported a project under this scheme that is developing sustainable water supply systems for rural populations. Under the policy, ATI is insuring an international supplier against non-payment risks by the lead engineering firm.

Sector:
Infrastructure
Insurance Type:
Political Risk Insurance Non-honouring of a sovereign obligation
Risks Covered:
Ministry of Finance default
Project:
Term loan facility in support of infrastructure development
Maximum Sum Insured:
$250 million (of which ATI is insuring $50 million)

The government of Tanzania is investing heavily in improving its road, water and power infrastructure with a budget increase of 85%. The government is expecting dividends from increases in investments, tourism and trade. To overcome the financing hurdle, they implemented a PPP (Public Private Partnership) approach. This project represents the government’s first foray into the commercial financing market to fund large-scale projects. A syndicate comprised of leading African banks and Tanzanian institutions backed the $250 million loan facility. ATI is insuring a portion of this loan which the government will use to finance road reconstruction and other infrastructure projects.

Sector:
Infrastructure
Insurance Type:
Comprehensive Risk Insurance
Risks Covered:
All political and commercial risks
Project:
Supply of digital broadcasting equipment
Maximum Sum Insured:
$700,000

A private Ugandan broadcaster purchased digital broadcasting equipment to support their expansion plans. The company contracted an Italian manufacturer to supply the equipment. To finalise the project, SACE, the Italian Export Credit Agency stepped in to insure the deal together with ATI, which provided reinsurance support. This marks one of several projects covered under ATI’s partnership with SACE.

Sector:
Infrastructure
Insurance Type:
Political Risk Insurance
Risks Covered:
Non-compliance of contractual obligations
Project:
Port maintenance and expansion
Maximum Sum Insured:
$10 million

Kenya is home to one of the busiest ports in Africa. Increasing traffic has led to congestion and deterioration of its infrastructure. In response, the government plans to increase the port’s capacity from its current 0.25 million Twenty-Foot Equivalent Units (TEUs) to 1.2 million. This will enable it to accommodate larger shipping vessels, growing business from regional economies and trans-shipment business from global shipping lines. The government selected a well-known Dutch marine contractor to implement the project. ATI is providing the contractor with political risk insurance against the risk of the government not following through on its contractual obligations.

Sector:
Infrastructure
Insurance Type:
Construction Contract Post Performance Sovereign Buyer
Project:
Road Reconstruction
Maximum Sum Insured:
$1.3 million
In the early 1990s, Kenyas economy contracted sharply. This led to very little construction and maintenance to the roads network. By 1993, the dedicated Fuel Levy Fund helped to stem the deterioration.

The Kenya Roads Board attributes constraints to Kenyas economic and social development to the poor state of road infrastructure. To improve the road networks, the Ministry of Roads and Public Works implemented a plan to rehabilitate at least 60 major and minor roads in Kenya. This road reconstruction project, falls within the scope of the governments plan.

The road runs through the heart of the tea producing area of Kenya and will help improve the transport to market of one of Kenyas biggest exports. A local company with experience in civil infrastructure construction won the government bid. Before starting construction on the 47.6 km road, the company requested insurance to protect against Non-honouring of Sovereign Obligations. ATI issued cover for the full project amount and the project was able to proceed.


Sector:
Infrastructure
Insurance Type:
Political Risk Insurance
Risks Covered:
Payment default by a sovereign obligor
Project:
Water Supply Infrastructure
Maximum Sum Insured:
$2.8 million

A leading African construction and engineering company obtained ATI insurance cover to protect against non-payment by a government agency for the full contract period. The government agency, a local water services board, contracted the company to construct water supply infrastructure in the Western region.  The project provides a boost to the government’s Millennium Development Goal of halving the number of people who do not have access to safe drinking water by 2015. To reach the target of 80% access, the government is financing projects like this in underserved populations in various parts of the country.

Sector:
Infrastructure
Insurance Type:
Political Risk Insurance
Risks Covered:
Non-payment by a government agency
Project:
Improvements to a regional water treatment plant and dam
Maximum Sum Insured:
$6.5 million

When a Kenyan construction firm won a government bid to improve a water treatment plant and dam that supplies 20% of Nairobi’s water, they took a moment to savour the victory. And then, they sought insurance protection against the possible risk of non-payment or protracted delays in payment by the regional water services board.

With the cover in place, the company could proceed with confidence. They also had the added satisfaction of working on a project that would eventually save the city an estimated $130,000 a year through unclogging water intakes and water purification.

Sector:
Infrastructure
Insurance Type:
Political Risk Insurance
Risks Covered:
Non-payment by a sovereign obligor (a government buyer)
Project:
Supply of road construction equipment
Maximum Sum Insured:
$363,000

An international trading company based in China won a bid to supply road construction equipment to the government agency responsible for road construction and maintenance. The company’s bank requested them to obtain insurance to mitigate against non-payment risks while sourcing and purchasing the equipment. The project supports Kenya’s vibrant infrastructure strategy that will help reduce the cost for companies to move goods within the country.  This commitment by the Kenyan government is supported by a 20% budget increase on infrastructure development with $1 billion to be spent on improving road networks alone in 2011. 

Sector:
Infrastructure
Insurance Type:
Political Risk Insurance
Risks Covered:
Non-honouring by a sovereign obligor (a government buyer)
Project:
Supply of transport vehicles to a government agency
Maximum Sum Insured:
$16.7 million

The Ugandan branch of an international bank provided financing to allow a Ugandan government agency to purchase transport vehicles. The bank obtained ATI insurance to protect their investment against any action that could cause the government to not honour the contract. The project supports the government agency’s strategy to provide more responsive and efficient services to the rural and urban populations in Uganda.

Sector:
Infrastructure
Insurance Type:
Non-payment by a sovereign obligor (a government buyer)
Risks Covered:
Political Risk Insurance
Project:
Road Reconstruction
Maximum Sum Insured:
$11 million

This project, the reconstruction of a road connecting rural regions to Kenya’s capital Nairobi, provides two noteworthy benefits: First, it resonates with the state’s objective of supporting domestic Small and Medium sized companies through the award of government contracts. Second, the road will give farmers easy and speedy access to key markets within the city by facilitating movement of produce from the farms. With recent studies indicating that over 70% of African farmers’ losses occur post-harvest, a reliable road system goes a long way to enhance the productivity of the agricultural sector on the continent. ATI supported the contractor by guaranteeing compensation if the government agency failed to pay for services rendered.

Sector:
Infrastructure
Insurance Type:
Comprehensive non-payment insurance (Commercial and Political risks)
Risks Covered:
Non-payment by a private obligor (a private sector company), currency transfer restriction, goods in transit, war and civil disturbance, physical damage or business interruption due to political violence
Project:
Delivery of water supply equipment
Maximum Sum Insured:
$790,000

Tanzanians lack access to clean and reliable sources of water. A 2002 study estimated that only about 50% of the rural population and 70% of the urban population had access to reliable water supplies. To address this challenge, in 2006, the government of Tanzania implemented a national program to meet the water sector targets set out in the Millennium Development Goals. The National Rural and Water Supply Sanitation Programme is a key component. ATI supported a project under this scheme that is developing sustainable water supply systems for rural populations. Under the policy, ATI is insuring an international supplier against non-payment risks by the lead engineering firm.

Sector:
Infrastructure
Insurance Type:
Political Risk Insurance Non-honouring of a sovereign obligation
Risks Covered:
Ministry of Finance default
Project:
Term loan facility in support of infrastructure development
Maximum Sum Insured:
$250 million (of which ATI is insuring $50 million)

The government of Tanzania is investing heavily in improving its road, water and power infrastructure with a budget increase of 85%. The government is expecting dividends from increases in investments, tourism and trade. To overcome the financing hurdle, they implemented a PPP (Public Private Partnership) approach. This project represents the government’s first foray into the commercial financing market to fund large-scale projects. A syndicate comprised of leading African banks and Tanzanian institutions backed the $250 million loan facility. ATI is insuring a portion of this loan which the government will use to finance road reconstruction and other infrastructure projects.

Sector:
Infrastructure
Insurance Type:
Comprehensive Risk Insurance
Risks Covered:
All political and commercial risks
Project:
Supply of digital broadcasting equipment
Maximum Sum Insured:
$700,000

A private Ugandan broadcaster purchased digital broadcasting equipment to support their expansion plans. The company contracted an Italian manufacturer to supply the equipment. To finalise the project, SACE, the Italian Export Credit Agency stepped in to insure the deal together with ATI, which provided reinsurance support. This marks one of several projects covered under ATI’s partnership with SACE.

Sector:
Infrastructure
Insurance Type:
Political Risk Insurance
Risks Covered:
Non-compliance of contractual obligations
Project:
Port maintenance and expansion
Maximum Sum Insured:
$10 million

Kenya is home to one of the busiest ports in Africa. Increasing traffic has led to congestion and deterioration of its infrastructure. In response, the government plans to increase the port’s capacity from its current 0.25 million Twenty-Foot Equivalent Units (TEUs) to 1.2 million. This will enable it to accommodate larger shipping vessels, growing business from regional economies and trans-shipment business from global shipping lines. The government selected a well-known Dutch marine contractor to implement the project. ATI is providing the contractor with political risk insurance against the risk of the government not following through on its contractual obligations.